AUD/JPY Slides Toward 111 as US-Japan Intervention Talk Boosts Yen
The Australian dollar weakened against the yen in early European trade Thursday, trading near 111.15 amid reports of coordinated US-Japan currency intervention.
AUDJPY
AUD/JPY extended its losses early Thursday, with the cross hovering around 111.15 as the Japanese yen found fresh demand. Market chatter pointed to coordinated currency intervention by the United States and Japan, which supported the yen across the board.
The pair remained under pressure, holding a bearish bias below several key technical barriers. Traders noted that the intervention narrative added to the aussie’s weakness, reinforcing the downside in short-term price action.
Source: FXStreet Forex News